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<br />ORDINANCE N0.2015-21 <br />INTRODUCED BY: Mayor Rinker and Council as a Whole <br />AN EMERGENCY ORDINANCE <br />AUTHORIZING AND DIRECTING THE MAYOR <br />AND PRESIDENT OF COUNCIL TO ENTER INTO AN <br />ECONOMIC DEVELOPMENT GRANT AND INCENTIVE AGREEMENT <br />BETWEEN THE HAYFIELD COMMUNITY IMPROVEMENT <br />CORPORATION, HAYFIELD VILLAGE, OHIO, <br />AND THE FREEDONIA GROUP, INC. <br />WHEREAS, The Freedonia Group, Inc. ("Company") has been operating at 767 <br />Beta Drive since 1998 as a producer of market research publications widely used by <br />many of the largest companies in the United States, and proposes to remain on Beta <br />Drive, consolidate its operation at 767 Beta Drive, and expand the business into 15,000 <br />square feet from the current 12,800 square feet; and <br />WHEREAS, the Village formed the MCIC in 1983 for the purpose of advancing, <br />encouraging, and promoting the industrial, economic, commercial, and civic development <br />of the Village by acting as the designated agency and instrumentality of the Village for <br />industrial, commercial, distribution, and research development in the Village pursuant to <br />Ohio Revised Code § 1724.10; and <br />WHEREAS, pursuant to the MCIC and the Mayfield Village Economic <br />Development Incentive Program, the Village Economic Development Director has <br />received and reviewed information from the Company necessary to apply for an <br />economic development incentive grant, performed the analysis developed as part of the <br />Economic Development Incentive Program, and recommended incentive terms for such a <br />grant; and <br />1 <br />